Augusta Ventures backs potential class action against Uber

Augusta Ventures has had its litigation funding agreement approved by an Ontario court for a proposed class action in Canada against Uber. The plaintiffs allege that Uber breached its employment contracts with drivers and delivery people and contravened Ontario’s Employment Standards Act. They also plead that Uber is liable for unjust enrichment and negligence. The putative class may be as large as 366,359 persons who have provided at least one ride or delivery using the Uber App. Augusta is paying the disbursements incurred by class counsel, providing security for costs, and will pay any adverse costs order. It will receive 8-10% of the proceeds awarded, plus reimbursement for all payments advanced and a funder administration fee. The motion for certification of the class action has been argued and is currently under reserve.

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New Fundings

Augusta backs new multi-million pound group claim

Augusta Ventures is backing a new group litigation case that has been brought against Link Fund Solutions, administrators of Neil Woodford’s collapsed equity income fund, amidst claims that they failed in their duty to protect investors. At least £18 million worth of lost investment in the Woodford Fund, on behalf of 1,500 people, is being claimed by Harcus Parker, a specialist commercial litigation firm, with proceedings currently being held in the High Court.

In the News

CAT certifies Augusta-backed collective claim

The UK’s Competition Appeal Tribunal has certified the collective claim filed by UK consumer champion Which? against Qualcomm for over £480 million. The claim is on behalf of a class of millions of UK consumers and alleges that Qualcomm abused its dominance in the markets for smartphone chipsets and standard essential patents, leading to higher smartphone prices for consumers. Augusta Ventures is backing the claim. Hausfeld is acting for the class representative.

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